DonDimadjo

DonDimadjo

1. Reversed legs on the 1D time frame with higher volume on the bearish bar 2. Today's (03.06.2015) daily bar is bullish but with lower volume 3. Potential bearish H&S on 1H & 4H time frames (*** uncompleted yet) 4. Broken ascending triangle but price haven't yet tested back the resistance zone 122 - 121.40 5. Price rallied over 600 pips (impulse leg), so it's...

DonDimadjo

The USDJPY is in a strong up trend, which has stalled during the past 5-6 months. The completion of this bullish bat pattern may signal a trend continuation. Everybody is looking to buy the USDJPY but the question is not "if" but "when". The market is still trending sideways, between resistance zone around 122 and recent support at 118.35-75. The completion of...

DonDimadjo

Could this go up? Reversed H&S on the 1H RSI index, plus price moved again above 1.3609 key level, which might be a sign of it going up to test the high around 1.3700, even further. Still considering a long but not in a trade on this pair, yet.

DonDimadjo

Spotting a stop run on both 15M and 1H charts I took a long. After seeing 2 pushes down during the past few days I was in a ''short'' mood, however, the reversed H&S that formed on the 15M RSI, plus a stop run reversal pattern I spotted on the 1H chart made me change my bias from short to long and decided to enter a long trade. It's a risky one but with a R/R 1:4...

DonDimadjo

We've seen 3 cycles UP on the GU and a stop run to the highs during NY yesterday. Expecting a reversal down to 1.5610/1.5600 region. Entered short at 1.5814, with 30 pips sl & 210 pips tp. Risk/Reward is 1:7, so it's worth waiting and see if this trade will complete during the next 3-5 days.

DonDimadjo

I'm expecting the price to go and test f'day lows before a switch and move down to 1.5830/1.5820 area. We also have a "M-formation" started on 23.10.12, confirmed on 05.11.12, price already tested the level of 1.6020 (base of the m-formation), got rejected and continued the move down. the "M" will be completed in the area of 1.5830/1.5820. My bias is strongly to...

DonDimadjo

We could see a possible revesrsal on gbp/usd. What makes me think for a long on gbp/usd is the fact that we've seen a solid move down after the break of 1.6114 but never went back up there to test it. I'm more incline to think we'll see that level tested before a substantial move down to 1.5600 area but also there's a chance for the 1.5980/1.6000 area of...

DonDimadjo

Possible reversal on EUR/USD, to go long in short term, targeting 1.3084/1.3100

DonDimadjo

Looking at the hourly chart on GBP/USD, we've seen a first push down. I'm expecting the move to continue for the next couple of days and see 1 or 2 more pushes to the downside.

DonDimadjo

Spot on - Head-and-shoulders pattern formed. Crown formation becomes clearly visible now and if we get a 1hr candle closed below neckline (1.3084), we are up for a reversal. Also mind that we've seen a lot of going up in the last few days but now the 20 EMA (light blue on the chart), which supported the move up solidly for the last 2 days got broken, and if we get...

DonDimadjo

tested the Asia highs and the support level of 1.6144 at the same time and got rejected. I will short from here and target 1.6092 (200 EMA on 1hr chart). Have put my stop loss at 1.6050

DonDimadjo

Looking at the 1hr chart, I see the 20 EMA supporting the move up for the last 2 days. Also, there's the 61.8% fib level (1.6167) from the move down from 28.04.2011 to 13.01.2012 holding the move up on the 1hr chart today. If I see an hourly candle closed below 1.61441 and 20 EMA at the same time, we can probably go down and test 1.6119 - 50 EMA or even lower to...